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YES Bank Collapsed !! Who is next? Is it Kotak Mahindra Bank Limited?

The Enforcement Directorate has also issued a lookout notice against Rana Kapoor, Ex-promoter & Director of YES Bank to keep him from leaving the country. ED officials are reportedly recording Kapoor’s statement in connection with DHFL scam, where the company siphoned off Rs 13,000 crore via 79 shell companies. YES, Bank had extended massive loans to DHFL, which later turned bad, adding to the bank’s losses, reports said.
This is serious of banking fraud in the country in which IL&FS, Dewan Housing Finance Limited, and PMLC Bank are included. Now a question arises Who is next?
FIR No. 120/2019 registered against Kotak Mahindra Bank Ltd and six other accused including Mr. Uday S. Kotak, MD & CEO
As reported earlier an FIR No. 0120/2019 dated 19/10/2019 has been registered at PS Barakhamba Road, New Delhi against Kotak Mahindra Bank Ltd and six other accused including Mr. Uday S. Kotak, MD & CEO, for their role in a scam of forgery of documents vide order dated 14.10.2019 of MM Patiala House Courts, New Delhi who has taken view that as the matter requires investigation by police, several documents are to be collected and verified and a number of persons are to be examined.
After registration of the said FIR for committing fraud and forgery by Kotak Mahindra Bank and others including Uday S. Kotak and Anand Mahindra, Bagla family has also filed a complaint with the Court of Chief Metropolitan Magistrate, New Delhi, under Section 200 r/w 190 Cr. P.C. for taking cognizance of offenses Committed U/s 211 (IInd Part), 499/500, 501, 502 r/w 120B/34 IPC, against Kotak Mahindra Bank Ltd & others.
In the complaint apart from one Virendra Kumar Sharma, Kotak Mahindra Bank and its Directors & Company Secretary and other officers namely Mr. Uday Suresh Kotak, Managing Director, The Regional Manager, Kotak Bank (Delhi & NCR), Mr. Anand Mahindra, Mr. Shivaji Dam, Mr.Chengalath Jayram, Dipak Gupta, Ms.Bina Chandarana, Company Secretary, Mr. Chandra Shekhar Prasad (The Then Deputy Manager, Legal), Mr. Sanjay Kumar, Officer, Kotak Bank, and CVIL Infra Limited and Bennett Coleman & Company Ltd., were made accused.
It has been alleged in the complaint that the above named accused in connivance with the each other, falsely implicated one Bhupendra Bagla son of Dr. Santosh Kumar Bagla (a renowned business family based at Mumbai & Delhi) in a criminal case by using forged and fabricated documents created and used by the above named accused.
Transfer of FIR No. 120/2019 to DIU/NDD Mandir Marg, New Delhi
Further, on filing the status report on 10.12.2019 in FIR No. 120/19 U/s 420/34 IPC has been registered on 19.10.2019 and the case was entrusted to SI Sanjay Kumar P.S. Barakhamba Road, New Delhi. Thereafter, the case file was transferred to DIU/NDD, Mandir Marg and further investigation is being taken over by SI Sanjay Kumar, DIU/NDD.
Subsequently, DIU/NDD issued Notice U/s 91 Cr. PC to Mr. Uday Kotak (Vice- Chairman & Managing Director), Mr. Chengalath Jayaram (Joint Managing Director), Mr. Deepak Gupta (Director) and the Concerned Officials, where he has directed all the above to produce the required documents/articles before the undersigned within three days of receipt of the said Notice.
Complaint about Malicious Prosecution and defamation by Bagla family against Kotak Mahindra Bank and others including Uday Kotak and Anand Mahindra.
After registration of an FIR for committing fraud and forgery by Kotak Mahindra Bank and others including Uday S. Kotak and Anand Mahindra, Bagla family has also filed a complaint with the Court of Chief Metropolitan Magistrate, New Delhi, under Section 200 r/w 190 Cr. P.C. for taking cognizance of offences Committed U/s 211 (IInd Part), 499/500, 501, 502 r/w 120B/34 IPC, against Kotak Mahindra Bank Ltd & others.
Direction of PMO to the Secretary, Department of Financial Services (Banking Division) in the matter of conspiracy and forging and fabricating of documents by Kotak Mahindra Bank.
Bagla family has sent a Representation / Complaint dated 14th August 2019, against the frauds, forgery, and illegalities of Kotak Mahindra Bank and its officials for taking appropriate action against Mr. Uday Suresh Kotak, MD & CEO and his other associates i.e. Directors/officials of Kotak Mahindra Bank and other person involved in the conspiracy of committing the offense against the Bagla family, to Hon’ble President of India, Prime Minister of India & Other Central & State Government authorities.
The PMO had directed the Secretary, Department of Financial Services (Banking Division) for action as appropriate in the matter of complaint against Kotak Mahindra Bank Limited, its MD & CEO Mr. Uday S. Kotak and other senior officials for alleging conspiracy, fraud and forgery of some documents. [Ref: Replies dated 03/09/2019 and 04/09/2019 from PMO with Registration No. PMOPG/D/2019/0318007 & PMOPG/ D/2019/ 0320812].
Bagla family has received replies from President Office dated 23/08/2019 with Registration No. P1/E/2308190138, wherein the Complaint of the Applicants was transferred to “The Secretary, Ministry of Finance for action as appropriate”. Also, other authorities/office has issued the instruction of the Secretary of Finance to take the action in the said matter.
New strategies of Kotak Mahindra Bank Limited to divert the issue of forgery and fabrication of documents.
As the Kotak Bank is under investigation and has to face the consequence of FIR/Complaints registered against them, therefore, after registering an FIR, Kotak Mahindra Bank Limited has made a miscellaneous application before the DRT for return of original documents filed along with original application bearing no. 57 of 2009. It is also interesting to note that forged and fabricated documents including one affidavit and a power of attorney both dated 24.08.2007 was filed by Kotak Mahindra Bank Limited before DRT as a Copy of the document. No original documents were filed by Kotak Mahindra Bank Limited. This is a tactic of the Kotak Mahindra Bank only for the delay and diverts the matter.
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Events
Awakening the Divine: Exploring the Essence of Hindu Poojas

Hindu prayer (puja) is an effective means of cultivating action, devotion, knowledge, and focus. Click on any pooja that interests you for more details of what materials will be necessary.
Hindu festivals follow the lunar-solar calendar. Masa is a lunar month, while paksha and tithi represent lunar fortnights and days respectively.
Tulsi Pujan Diwas
Tulsi Pujan Diwas, also known as Holy Basil Day, is an important Hindu festival honoring spirituality, nature, and cultural heritage. This day-long event involves elaborate rituals and ceremonies intended to sanctify the Tulsi plant and invoke goddess Tulsi and Lord Vishnu’s blessings – such as circumambulating it seven times while reciting mantras or prayers; devotees also light diyas around its base in order to bring an atmosphere of positivity.
Tulsi Pujan Diwas finds its roots in the legendary tale of Vrinda, wife of demon king Jalandhar. According to this tale, Jalandhar became invincible thanks to Vrinda’s purity and devotion; so gods asked Lord Vishnu for help to end Jalandhar’s reign; to do this he used trickery against Vrinda which resulted in him violating her vow of chastity which ultimately resulted in demon’s defeat remorsefully Lord Vishnu transformed her into Tulsi plant!
Naga Panchami
Naga Panchami is an annual Hindu festival commemorating snake and serpent deities. Held annually during the July-August lunar month Shravana (July-August), rituals and offerings performed on this day aim to appease these deities and gain their blessing for health, wealth, and prosperity.
This day is also significant astrologically, as it marks the conjunction of Rahu and Ketu – shadow planets that represent serpentine energy in Vedic Astrology – which can cause sickness, poverty, and misfortune in one’s life. Thus this puja serves as an effective way of dispelling their harmful influences.
Hindu mythology considers snakes (nagas) holy because of their connection to Brahma, Vishnu, and Mahesh – Brahma sleeping on Shesha while Shiva keeping Vasuki on his neck is further evidence. Furthermore, providing milk offerings to snakes may protect one against snake bites that cause deaths globally; many cultures believe offering milk to these reptiles provides protection.
Raksha Bandhan
Raksha Bandhan (or “the knot of protection”) marks an annual festival to honor and strengthen brother-sister bonds. Held during full moon day in the Shravana month of the Hindu lunar calendar, sisters tie rakhi bracelets around their brother’s wrists as a gesture of love and protection; brothers pledge their devotion by donning one themselves. This promise stems from Draupadi who tied a piece of her saree around Lord Krishna’s cut finger to stop its bleeding; Krishna then promised his protection by promising his lifelong devotion vowed always to protect her in return vowed his lifelong devotion vowed protection upon her actions vowed that Draupadi would always protect him – thus renewing this promise!
Raksha Bandhan begins by creating a small pooja thali filled with an oil lamp (diya), vermilion powder (roli), rice, sweets, and rakhi. Sisters then perform an aarti before their brothers by gently waving the lamp and dotting their foreheads with vermilion powder before gently tying rakhi around their wrists offering prayers for health and success as gifts are exchanged between brothers and sisters.
Deepavali
Puja is an integral component of Hindu worship that helps convey devotion while upholding cultural traditions and rituals. From simple prayer services led by individual worshippers to elaborate ceremonies performed with Brahmin priests, puja provides an avenue for Hindus to show their reverence for one another and their beliefs.
Pooja typically involves worshipping an image or icon of a deity, called murtis, as a focal point for meditation and prayer. These murtis can take many forms: three-dimensional carving or sculpture, photo, flat engraving (bimba) or painting are just some examples. Sometimes, however, puja utensils also serve double duty by being used for cooking food service or serving up dessert – or be used solely as decorative objects such as flowers, fruits and sweets!
Hindu rituals typically occur at temples or shrines; however, online puja is becoming increasingly common among Hindus. Some have claimed that online puja can democratize worship by making it possible for women, low-caste individuals, non-Indians, and others unable to travel physically to attend in person to still make offerings; others argue that companies supporting these services still impose limitations on who can offer what to which image.
Bhai Dooj
Pooja, or worship services in Hinduism, are an integral component of worshipping deities and allow devotees to express their devotion, seek blessings, and deepen their spiritual bond with the divine. Puja services usually take place in a special room dedicated to the god or goddess being honored and can include lighting incense sticks and ringing brass bells; or applying blood-red vermillion paste or “kumkum” directly onto an image being worshipped.
Bhai Dooj, also known as Bhau Beej and Bhrathri Dwitiya is the final day of Diwali festivities and celebrates the special relationships among siblings. This year it will take place on November 3rd.
This festival takes its name from an ancient legend about Lord Krishna’s sister Subhadra who received him with love and devotion before promising him protection in return. As an act of gratitude to this promise, sisters smudge vermilion onto their brothers’ foreheads and perform an Aarti together; furthermore, they give gifts and pray for their well-being – this ritual celebrates sibling love while strengthening family ties.
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JAAT Movie Promotions held in Delhi

Recently, actors Sunny Deol, Randeep Hooda and Vineet Kumar singh came to Delhi to promote their upcoming movie “Jaat”. The press conference was held at PVR INOX Satyam, Nehru Place, New Delhi. The movie will be released on 10 april 2025.
The movie is based on a remote coastal village, ruthless criminal Ranatunga terrorizes the locals. A traveling stranger’s chance encounter with his men uncovers the villagers’ suffering. Realizing the deep-rooted corruption, he takes matters into his own hands. Jaat is written and directed by Gopichand Malineni , and produced by Mythri Movie Makers and People Media Factory.
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